Forest

OP Corporate Bank plc

Green bond transactions


Green Restricted Senior Preferred
Issue date: 28 March 2024
Amount: €500m
Maturity: 3 years
Use of proceeds: The proceeds will be used in accordance with OP Corporate Bank's Green Bond Framework 2024
ISIN code: XS2794477518
Series number: 283

Final Terms, 283 (EMTN Issues)

Green Senior non-preferred (SNP)
Issue date: 27 January 2022
Amount: €500m
Maturity: 5 years
Use of proceeds: The proceeds will be used in accordance with OP Corporate Bank's Green Bond Framework 2022
ISIN code: XS2436853035
Series number: 262

Final Terms, 262 (EMTN Issues)

Green Senior Preferred
Issue date: 26 February 2019
Amount: €500m
Maturity: 5 years
Use of proceeds: The proceeds will be used in accordance with OP Corporate Bank's Green Bond Framework 2018
ISIN code: XS1956022716
Series number: 230

Final Terms, 230 (EMTN Issues)

 

Green Bond Report

OP Corporate Bank's annual Green Bond Reports describe the businesses and projects financed with its proceeds, and the environmental impacts achieved. An Independent Limited Assurance Report by KPMG Oy Ab was published attached to the Green Bond Report.

Additionally, Sustainalytics has issued a Second Party Opinion Annual Review regarding the Green Bond Report.

 

Green Bond Framework 2024

 
In 11 March 2024, OP Corporate Bank plc published its updated Green Bond Framework in accordance with ICMA’s (International Capital Markets Association) Green Bond Principles, and the associated independent Second Party Opinion by Sustainalytics. OP Corporate Bank may use this Framework for the issuance of instruments that are issued as Green Bonds in various formats and for green deposits. The Framework takes into consideration the EU Taxonomy and OP’s internal criteria to facilitate green financing.
 
OP Corporate Bank's Green Bond Framework includes eight key eligible sectors for the green bonds' use of proceeds:
 
  • Renewable Energy
  • Energy Efficiency
  • Green Buildings
  • Pollution Prevention and Control including Sustainable Water Management)
  • Circular Economy
  • Biodiversity Conservation and Environmentally Sustainable Management of Living Natural Resources and Land Use
  • Clean Transportation
  • Climate Change Adaptation
For further information on OP Corporate Bank's sustainability strategy, green bond use of proceeds, process for project evaluation and selection, management of proceeds and reporting, please see the attached Green Bond Framework (2024).
 
OP Corporate Bank has engaged Sustainalytics to act as an independent Second Party Opinion Provider (SPO) of the Green Bond Framework.

Green Bond Framework 2022

OP Corporate Bank's Green Bond Framework, January 2022 

Sustainalytics’ Second Opinion on OP Corporate Bank's Green Bond Framework, January 2022 (pdf)

Green Bond Framework 2018

Green Bond Framework 2018

Sustainalytics' Second Opinion on OP Financial Group's Green Bond Framework (pdf)

Green Bond Investor Presentations

OP Green Bond Investor Presentation (deal specific), March 2024 (pdf)
OP Green Bond Investor Presentation (deal specific), January 2022 (pdf)
OP Green Bond Investor Presentation (deal specific), November 2018 (pdf)